Money Market Deposits
Investec SIPP and SSAS Savings Accounts
As part of Liberty’s quest to provide our clients with the best possible service, we are happy to introduce you to the following services from Investec. Please note that Liberty do not earn a fee from Investec if you choose to open an account with them; Liberty do not give financial advice - this is part of our continuing efforts to provide our clients with the best possible options for their pension funds.
In line with Investec’s philosophy to provide a specialist banking service, they have created accounts specifically for the SIPP and SSAS market.
Investec Bank’s pension and trust services are ideally suited to pension advisers who need banking facilities for pension schemes.
Fixed Term Deposits for SIPP and SSAS savings
- Fixed Term Deposits priced using money market rates
- Terms ranging from 3 months to 5 years
- The minimum balance required for a Fixed Term Deposit is £50,000 or the equivalent in EUR or USD
- Withdrawals may be made at the maturity of each Fixed Term Deposit, subject to the receipt of a written instruction
- For the latest rates, or for more information, call Investec Bank on 0161 819 7940
Pension and Trust Reserve Account
- A savings account offering attractive rates of interest
- Operates on a one-month notice basis
- The minimum balance required to open and operate this account is £25,000
- Interest is paid monthly or annually
Pension and Trust Reserve Account Rates1
| Balance | Gross | Net | Gross AER1 |
| £25,000+ | 2.23% | 1.78% | 2.25% |
Pension and Trust Cheque Account
- An easy access, transactional bank account offering flexibility, streamlined administration, easy payment mechanisms and a competitive interest rate
- Clients can make use of a cheque book, standing order and direct debit facilities
- There is no minimum balance on this account
- Interest is calculated daily and paid monthly
Pension and Trust Cheque Account interest rates1
| Balance | Gross | Net | Gross AER1 |
| £0 to £9,999 | 0.05% | 0.04% | 0.05% |
| £10,000 to £24,999 | 0.25% | 0.20% | 0.25% |
| £25,000+ | 0.50% | 0.40% | 0.50% |
Click here for more information and Investec Bank’s contact details
Disclaimer
These accounts are offered by Investec Bank plc, registered number 489604, 2 Gresham Street, London EC2V 7QP. Authorised and regulated by the Financial Services Authority. A member of the London Stock Exchange. For your security, telephone calls to Investec Bank plc may be recorded.
1 The rates shown above are correct as at 1 October 2010 and subject to variation. AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once a year. ‘Gross’ is the interest rate paid before the deduction of tax. 'Net' is the interest rate paid after the deduction of tax.



